OLD Media Moves

No sale of Dow Jones and Wall Street Journal

January 4, 2006

That’s the message that Richard Zannino, the incoming CEO of Wall Street Journal parent Dow Jones, is giving this morning in an article in the flagship paper.

“I’m firmly committed to the independence of the company, but it’s ultimately not my decision,” he said.

Zannino also expressed his commitment to the journalism practiced at the paper: “I know what will happen if we screw up the Journal,” he said. “Having a healthy respect for journalism is important.”

As the old saying goes, action speaks louder than words. And how Zannino operates the company going forward and demonstrates his commitment to quality business journalism will speak louder than the soundbites expected of an incoming CEO trying to soothe the worried feelings of his employees.

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